B of A Securities Upgrades Acadia Realty Trust to Buy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Craig Schmidt upgraded Acadia Realty Trust (AKR) from Neutral to Buy and increased the price target from $18 to $20.
April 05, 2024 | 11:15 am
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POSITIVE IMPACT
Acadia Realty Trust was upgraded by B of A Securities from Neutral to Buy, with a price target increase from $18 to $20.
The upgrade from Neutral to Buy by a significant analyst at B of A Securities, along with a price target increase, is a strong positive signal for Acadia Realty Trust. This suggests a bullish outlook on the stock, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100